Oil & Gas Development Co. Ltd. · PSX:OGDC
Oil & Gas Development — H1 FY2023-24 Earnings Presentation
11 slides from Oil & Gas Development's earnings presentation, Feb 27, 2024
Slide 1: OGDCL Half Year Results FY 2023-24
Presentation on OGDCL Half Year Results FY 2023-24 (July 2023 – December 2023) February 27, 2024
Slide 2: Disclaimer
Disclaimer During the course of this presentation we may make forward-looking statements regarding future events or the future performance of the Company. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific and risks exist that the pre
Slide 3: Overview
Overview As at December 31, 2023 (or as indicated below) Largest exploration and production company in Pakistan’s oil and gas sector. Largest exploration acreage in Pakistan, covering around 38% of Country’s total acreage awarded as at December 31st, 2023. Largest portfolio of hydrocarbon rese
Slide 4: OGDCL Portfolio & Exploration Activity (December, 2023)
OGDCL Portfolio & Exploration Activity (December, 2023) 4
Slide 5: Financial & Operational Performance
Financial & Operational Performance (July 2023 – December 2023) Net sales revenues of Rs 235.375 billion Oil - average net realized price of US$ 69.78/bbl as against US$ 78.60/bbl during corresponding period last year Gas - average net realized price for natural gas sold was Rs 711.87/Mcf as a
Slide 6: Operational Update - Exploration
Operational Update - Exploration As at December 31st , 2023, OGDCL operated in 50 Exploration Blocks (22 blocks with 100% share and 28 blocks as operated JVs) covering an area of 91,781.66 sq. km. Acquisition of 652 of 2D Line kms and 262.037 of 3D Sq.Kms seismic survey. Five (05) wells spud,
Slide 7: Operational Update - Production
Operational Update - Production OGDCL being the national flagship of the Country's E&P sector is making all out efforts to play a pivotal role in enhancing the energy security of Pakistan. In this context, the Company during July 2023 – December 2023 contributed around 46%, 28% and 37% towards Cou
Slide 8: Production Growth and Development Projects
Production Growth and Development Projects Location of the Name of Projects Completion Date Production Capacity Incremental Production Project 7.6 MMSCFD Sale gas Khewari Khairpur, October, 2023 10 MMscfd + Development Sindh (Completed) Raw Gas 2.3 MMSCFD Permeate Gas Jhal Magsi Jhal Magsi, 15 MMscf
Slide 9: Financial Snapshot
Financial Snapshot (Rs in Million) HY 2022-23 HY 2023-24 500,000 450,000 400,000 350,000 16% 300,000 250,000 200,000 30% 150,000 54% -24% 100,000 50,000 - Net Sales Operating Expenses Exploration & Prospecting Exp. NPAT 9
Slide 10: Financial Highlights
Financial Highlights Rs in Million 1Q 2022-23 1Q 2023-24 HY 2022-23 HY 2023-24 Net Sales 106,012 120,141 203,236 235,375 Operating Profit Margin (%) 63% 56% 59% 53% EBITDA Margin (%) 75% 68% 71% 65% Net Profit Margin (%) 50% 41% 47% 52% Profit after Tax 53,303 49,038 95,012 123,296 Profit from opera
Slide 11: Thank You
Thank You ge MENT ) gm PY x i) n ro %, bd = ~< > P ‘9 70 03> www.ogdcl.com
Oil & Gas Development Company Limited (OGDCL) — H1 FY2023-24 Earnings Presentation on 6ix